Question

suppose the total number of workers employed in all industries is 30,000;the total number of workers...

suppose the total number of workers employed in all industries is 30,000;the total number of workers in the country in sugar industry is 5000,the total number of workers employed in n region is 15000 and total number of workers in sugar industry is 3000. what is the suggestion of the location quotient ?

Homework Answers

Answer #1

The percentage of workers in sugar industry across the country = (5000/30000)×100 = 16.67% ....i

Now the percentage of workers in sugar industry in a region 'n' = (3000/15000)×100 = 20% ....ii

The Location Quotient = Percentage of sugar workers in region n/ percentage of sugar workers across the country

= ii/i

= 20/16.67

= 1.20

An indication below 1.5 shows us that there is no specialization for sugar industry in the region n.

Hope this helps. Do hit the thumbs up. Cheers!

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose 41% of all workers in the telecommunications industry are satisfied with their work. If 63...
Suppose 41% of all workers in the telecommunications industry are satisfied with their work. If 63 telecommunications workers are randomly selected what is the probability that fewer than 23 are satisfied with their work?
Suppose a representative firm in a perfectly competitive industry has the following total cost of production...
Suppose a representative firm in a perfectly competitive industry has the following total cost of production in the short run: TC = Q3 - 60Q2 + 3000Q. a) What will be the long run equilibrium quantity for the firm? What will be the long run equilibrium price in this industry? b) If the industry demand is given by QD = 12400 - 4P. how many firms will be active in the long- run equilibrium? c) Suppose the firm faces a...
Suppose Lando Calrissian owns a smuggling business whose total revenue is $30,000 per month. The accompanying...
Suppose Lando Calrissian owns a smuggling business whose total revenue is $30,000 per month. The accompanying table shows Lando’s monthly expenses. If Lando weren't a smuggler, he would earn $6,000 per month working for the Rebel Alliance. Apart from pay, Lando is indifferent between working as a smuggler and working for the Rebel Alliance. Fuel $4,000 Maintenance $12,000 Weapons $6,000 Bribes $3,000 What is Lando’s accounting profit each month ? A)1000 B)5000 C)-1000 D)-5000
Suppose there are 123 people that are employed, 7 people are unemployed and 5 people are...
Suppose there are 123 people that are employed, 7 people are unemployed and 5 people are discouraged workers in January. In February, 5 of the unemployed people found a job and 1 of the unemployed people cannot find a job and stop looking for one since they were very depressed. 19 of the employed people were separated from their job in February. They were all looking for a new job except 3 of them choose to reitre after they were...
1) Suppose that the production function is Y = AK0.7L0.3, the number of workers equals 800,...
1) Suppose that the production function is Y = AK0.7L0.3, the number of workers equals 800, the capital stock is $150,000, and total factor productivity is 3. What is the value of real GDP? What will happen to real GDP if total factor productivity doubles?
Suppose two countries, Farmland and Techland, use only capital and labor to produce two goods, Grain...
Suppose two countries, Farmland and Techland, use only capital and labor to produce two goods, Grain (G) and Cars (C). Farmland has 2,050 units of capital and 916 units of labor, and Techland has 816 units of capital and 270 units of labor. In Techland, there are 366 units of capital and 135 units of labor employed in the Grain industry. In Farmland, there are 926 units of capital and 618 units of labor employed in the Grain industry. A.    ...
Question 2a Suppose that the unemployment rate is 5%, the total working age population is 200...
Question 2a Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the number of unemployed is 7.5 million. What is the labor force participation rate? (write your answer as XX.y. only one decimal) Question 2b Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the number of unemployed is 7.5 million. What is the labor force? (Write out the answer with all the zeroes) I got...
(a). In city XX the total population is 400,000 and the adult population is estimated at...
(a). In city XX the total population is 400,000 and the adult population is estimated at 200,000. Some 100,000 are employed full time, 55,000 are employed part time, while only 5000 where considered discouraged workers. The number of unemployed =20,000. (i). Why is not all the adult population considered in labor force? (ii). What is the unemployment rate in city XX? (b). Real GDP is a popular variable to track the performance of the economy. Business managers however are also...
Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if...
Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if each is equipped with a shovel, a machete, and a chainsaw. Clearing one acre brings in $1,400 in revenue. Each worker’s equipment costs the worker’s employer $210 per month to rent and each worker toils 40 hours per week for 4 weeks each month. Instructions: In part a, enter your answer as a whole number. In parts b-e, round your answers to 2 decimal...
Suppose government imposes a 50% tax on the wages “high productivity” firms pay to their employees...
Suppose government imposes a 50% tax on the wages “high productivity” firms pay to their employees but not on the wages “low productivity” firms pay to theirs. The tax lowers the profit of “high productivity” firms at each number of workers employed to Profit(L) = q(L) – (1 +50%)wL. There are 20 firms in a perfectly competitive industry. Ten firms have production function q = 2L^0.5 while the other ten firms have production function q = 4L^0.5. We label the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT